Sotherly Hotels (NASDAQ:SOHO) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sotherly Hotels (NASDAQ:SOHO) in a report issued on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

Sotherly Hotels Price Performance

SOHO stock opened at $1.21 on Thursday. The firm has a market cap of $24.02 million, a PE ratio of -5.76 and a beta of 1.67. The company has a debt-to-equity ratio of 6.63, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50 day moving average price is $1.23 and its 200-day moving average price is $1.32. Sotherly Hotels has a one year low of $1.07 and a one year high of $2.18.

Sotherly Hotels (NASDAQ:SOHO) last released its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.24). The firm had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $45.80 million. Sotherly Hotels had a net margin of 2.18% and a return on equity of 7.86%. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities research analysts anticipate that Sotherly Hotels will post 0.64 EPS for the current year.

Institutional Trading of Sotherly Hotels

An institutional investor recently raised its position in Sotherly Hotels stock. J.W. Cole Advisors Inc. raised its position in Sotherly Hotels Inc. (NASDAQ:SOHO) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,650 shares of the real estate investment trust’s stock after purchasing an additional 8,050 shares during the quarter. J.W. Cole Advisors Inc. owned 0.27% of Sotherly Hotels worth $80,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Sotherly Hotels Company Profile

Sotherly Hotels Inc is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States.